We are the voice of the disenfranchised planholders of the Yuchengco owned Pacific Plans. The small voices of thousands of parents and grandparents who saved and dreamt. We were careful and we trusted.
We seek what is right and what is just. Our dreams have been unilaterally crushed and taken away by a huge corporate giant apparently more concerned about legal technicalities and profits.

Friday, May 13, 2005

CONGRATULATIONS WE ARE FAMOUS!

You have to feel awfully bad for the spin doctors of the YGC who have spent a lot of money and time trying to suppress the truth. As is painfully obvious to all of us now, conventional media isn't our friend. Who cares anymore...they will soon join the dinosaurs.

Type the words "Yuchengco" and "Blog" in Google and our website is on the first page!

The amount is a loan that can be converted into equity in the future which may give Yuchengco between 30 percent and 40 percent in the rehabilitated PPI if local courts approve its rehabilitation plan.

Yuchengco handed the check to PPI president Ernesto Garcia at a ceremony at the Manila Peninsula.

"This is my personal money and the [Bangko Sentral ng Pilipinas] has issued a statement that Rizal Commercial Bank Corp. is very solid and sound," Yuchengco told reporters when asked if RCBC will be tapped or affected by any financial support given to PPI by the Yuchengco family, the majority owners of PPI.

Just watched 24 Oras on GMA and I think the station may be an exception to the unfairness of traditional media. They gave more airtime to the Coalition: Pereches, Piccio and one lady (sorry I failed to get her name). Tecson spoke as usual. AY was shown with Garcia grinning from ear to ear, holding the huge check for P250 million. How I wish AY had instead said he'd keep his promise to pay our children's truition after all. Then we could smile with him. As it is, we still cannot.

Wow, AY's issuing a check was possibly meant to assure the public that RCBC is all right, thank you, rather than to help us plan holders. Please, can Mr. Ambassador think of our children rather than of creating more wealth for his family? They live comfortably enough and will be able to do so up to the nth generation. Please Mr. Ambassador, our children's futures are at stake here. You have the means, not to mention you made the promise to take care of their future, come what may, when you sold us the educational plan. Be fair. Be just. SO you can sleep better at night? We can't from worrying about the problem you created.

"conventional media is the truth since they have a name to keep unlike the internet where everyone is anonymous and can say anything without any implications."

...GOT YOU AGAIN...And you really would have people believe that you can state this with a straight face in front of right thinking folks without getting quizzical looks??? That's funny!!! Thanks for the comic relief.